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London has retained its top spot as the world’s leading financial centre, fending off stiff competition from New York and Asian cities, according to an authoritative study to be published today.
The global financial centres index, compiled by think tank Z/Yen, will show the City leading

A new fintech firm which aims to improve the technology underlying capital markets has grabbed $29m (£21m) of venture capital funding.
Capitolis, which is based across London, New York and Tel Aviv, announced $20m of series A funding from Index Ventures and a prior $9m seed

Despite Brexit, Microsoft is committed to keep investing in the UK, which remains one of the company’s most important markets worldwide. Last week, the company announced the opening of the Reactor, a new technology hub in London’s Shoreditch area which will welcome start ups, hackathons, meetups

European markets have followed Asian markets lower on Tuesday as investors continued to dump shares.
London, Frankfurt and Paris all fell sharply at the open with losses of up to 3%, before recovering some ground. In the US overnight the Dow lost 4.6%.
Japan's Nikkei 225 closed

Sterling climbed above $1.39 on Thursday for the first time since Britain’s vote to leave the European Union and was on track for a fifth consecutive week of gains against the U.S. currency - its longest winning streak since mid-2014.
The pound has been buoyed by

New York-listed investment bank Houlihan Lokey has acquired Quayle Munro, a UK advisory firm which has worked on some of the biggest recent fintech deals in the country.
The boutique firm also specialises in data and analytics, to help advise businesses on their commercial and general

Harry Wilson has written a piece for The Times on Brexit:
If Donald Trump wants a trade war then he could hardly ask for a better ignition switch than Brexit. At present things are shaping up to get rough between the UK and the European Union over